Richard Cripps
Richard Cripps
buyers certainty keeps lack prefer
What this does is it keeps buyers away. It's a lack of buyers. And they would prefer some certainty.
basis cut good looking market percentage point quarter situation
We've set up a situation where a 25 basis point (a quarter percentage point) cut is good but you're looking at a market that's desperate.
beginning commentary companies earnings generally last looking month quarter talk third weeks
Analysts generally can talk to companies during the first two weeks of the last month of the quarter so what we'll be looking at is the beginning of the earnings pre-announcements or commentary for the third quarter.
display great putting
Putting it in context, it wasn't a great display of bullishness one would assume.
acceptable august coming continuing economy fear fed inflation interest meaning move needs numbers price raise raising rates signs toward
I think (the market) needs the ECI price deflator numbers coming in at acceptable levels, meaning that they don't raise the fear of inflation, it needs the Fed not raising interest rates in August and as we move toward the fall, continuing signs that the economy is moderating and that inflation is low.
current earning earnings good growth next stock
Good earning growth. Next year, their earnings will be about $1.90 (per share). That's just 10 times this year's current stock price.
dressing market mind next people window
Keep in mind most people are now working into the next quarter. The window dressing that has been powering the market may be gone.
driven microsoft
It's all driven by Microsoft at this point.
analogy bad energy good higher interest oil prices straw
It's the analogy of the straw and the camel's back. We keep loading the camel's back with straw and higher energy prices and interest rates. It's probably going to be what's good for oil is going to be bad for the rest of the market.
broader correction equity focused market point reflecting seen segments shifting
I think that the correction that we've seen in the market averages, in the Nasdaq, is probably reflecting an inflection point for the equity market that's going to be not as focused on technology. It's going to be shifting more into the broader segments of the equity market.
brave buying opposed trying
I would let this play out as opposed to trying to be brave and buying here.
catalyst earnings economy economy-and-economics estimates high looking lost moving second
You've lost your earnings catalyst so we're moving away from the second quarter. With the economy moderating you're looking at earnings estimates that are too high and have to come down.
portfolio rest simply
The Nasdaq is simply crowding out the rest of the market. If you are a portfolio manager, you have to own some of these (technology) names.
either faster grow stock
Either the fundamentals have to grow much faster or the stock has got to come down.